Government’s decision to begin talks with the owners of the Hope Beach Wind Farm on the possibility of buying power is “incestuous” and should be reviewed, says Opposition Leader Bharrat Jagdeo. Jagdeo at a press conference on Tuesday said that it was “Fedders Lloyd all over again” since the owners of the farm are close friends of the government. Jagdeo ...
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Diversity is strength, not a weakness – President Granger
As Guyana joins the rest of the world in observance of interfaith week 2016, President David Granger says that it is imperative that Guyana look at diversity as a source of strength and not one of weakness. The President made the statement at the Arthur Chung Convention Center on Monday at the launch of Interfaith Week 2015. Religious faiths represented ...
Read More »Westford, Cummings on bail for 24 counts of fraud; Lawyers vow to fight “mickey mouse” charges
Already defending four charges of larceny, Former Public Service Minister Jennifer Westford and former Chief Personnel Officer at the Public Service Ministry Margaret Cummings were today slapped with 24 additional charges of fraud. The new charges stem from the alleged discovery of a GYD$600M fraud at the Ministry while it was under the stewardship of Westford. Both Westford and Cummings ...
Read More »Three, including employees, nabbed in staged robbery- police
On Thursday January 28, 2016, the police responded to a report of an alleged armed robbery that was committed on the driver and porter of a business company involved in the sale of confectionery and snack foods at about 1840h. on the same day at Harlem, WCD. The driver and porter reported that they were travelling in their Canter ...
Read More »Berbice Bridge budgeted for $150M subsidy
Consequent to an arrangement between the Government of Guyana and the Berbice Bridge Company Incorporated (BBCI), the company is budgeted for a $150M subvention in the 2016 Budget. The 2016 fiscal plan for Guyana presented by the Finance Minister boosts a whooping total of $230B – the largest budget in Guyana’s history. According to the Estimates of the Public Sector, ...
Read More »Economy to grow by 4.4%; inflation at 2%
Guyana’s economy is predicted to grow by some 4.4% in 2016, says Finance Minister Winston Jordan. Jordan during the presentation of his 2016 Budget stated that while Guyana recorded economic growth of 3% in 2015, the economy will rebound in 2016. He said that having emerged from the disruptive year that was 2015, the clear expectation is that 2016 will ...
Read More »Public Servants salary increases to be announced later
Public Servants in Guyana will have to wait a little longer than January 29, to know what increases they will be given if any in 2016. During the presentation of the 2016 Budget on January 29, Finance Minister Winston Jordan did not announce an increase for public servants – a gross deviation from the norm. In his address to the ...
Read More »Pension increased by $1200; Public assistance gets $1300 boost
The Government of Guyana in its 2016 Budget has revealed an increase to pension by $1200 and public assistance increase by $1300. This was revealed by Finance Minister Winston Jordan during the presentation of his 2016 Budget speech to the National Assembly on Thursday. He said that effective April 1, 2016 Old Age Pension will increase from $17,000 to $18,200. ...
Read More »No excise tax on vehicles under 4 years old; Ban on used tyres to be implemented
Government has announced its intention to increase sweeping reforms the tax sector which include the removal of excise tax on new vehicles that are under 4 years old. This was announced by Finance Minister Winston Jordan in his 2016 Budget Speech. According to the Minister, persons importing vehicle under 4 years old and under 1500cc will no longer be ...
Read More »$3.1B for ICT; Information Technology Center to be established
Finance Minister Winston Jordan has revealed that the government has plans to increase its investments in the Information Technology Sector with over $3B budgeted for works in the sector. Jordan made the announcement during the presentation of Budget 2016, under the theme Stimulating Growth, Restoring Confidence: The Good Life Beckons. He said that in providing a better life for all ...
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